ZK Casino Initiates Partial Refunds in Ongoing $33M Rug Pull Investigation
Refund Progress: ZK Casino has begun processing refunds, with approximately 35% of affected users receiving their funds, and an additional 40% expected to be processed next week, potentially bringing total payouts to 75%.
Project Background: Launched in April 2024, ZK Casino promised users the ability to bridge ETH and earn yield, but instead converted deposits into vested tokens and staked ETH, leading to significant losses and criticism from the crypto community.
Legal and Recovery Challenges: The refund process is ongoing but remains uncertain, with final recoveries dependent on liquidity, legal pressures, and the handling of remaining assets, leaving many users skeptical.
Community Response: The project has faced backlash from the crypto community, including notable figures like Vitalik Buterin, and has been linked to previous scams, resulting in arrests by Dutch authorities during the fallout.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000059 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
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